Grain Department
 
Here at Ag Plus, we strive to provide information to our customers to
help them in achieving their marketing goals.  If you have any questions feel free to contact Dave or Laura.
 
Attention

As of today (9/23/16) all Ag Plus locations will be accepting Xtend™ Soybeans

Grain Marketing Services

 

ATTENTION: IMPORTANT INFORMATION

Ag Plus has been notified by local soybean and corn processors that they will not accept any corn or soybeans that are not approved for export.

 

This list would include, but not be limited to: Duracade corn, Roundup Ready 2 Extend beans, Enlist corn and beans, Vistive beans and Plenish beans. 

 

Ag Plus wants you to understand that our policy is that we cannot accept any grain that is not approved for export shipment until the local processors or terminals will accept them.  We cannot accept any grains that are tainted or contaminated by, produced from, or contain any amount of genetically modified seed.  We also cannot accept GMO events that have not received full and final approval for import/use by any domestic or foreign markets; not limited to the United States, China, European Union, or any other export market.

 

If you are uncertain on a seed product that you intend to plant or have planted, please check with us before planting/shipping grain to any Ag Plus location.  If you have already planted a non-approved product, we will do our best to work with you to help market the grain; but you must notify us before any delivery of grain.    Failure to notify us before delivery will result in liability to the farmer.

 

Any seller that delivers unapproved agricultural commodities that include products which are produced from, tainted or contaminated by, or contain any amount of GMO seed or GMO events not approved in all export markets; shall be in breach of the contract with Ag Plus.  The seller will then be liable for all direct or consequential damages, including but not limited to, any losses arising from facility closure, extra handling or reduced operating capacity, and all removal and cleaning costs.  This liability could also include any damages or issues caused at processing facilities or terminals that Ag Plus may deliver grain to, from our farm customer.

 

We hope to have these issues resolved by the seed companies before any matters arise.  We will notify our customers once the issues have been resolved but this policy will remain in effect until then. 

WILL NOT ACCEPT

WILL NOT ACCEPT

Delivery of soybeans/corn produced from the following seed products:

 

                                                     Bayer soybeans

                                                         Event FG72

  

VistiveGold soybeans                       Bayer/Syngenta soybeans

MON 87705 (Monsanto)                            SYHTOH2

 

Soymega™ soybeans                            Dow soybeans

MON 87769 (Monsanto)                           DAS-81419-2

 

Dow Enlist E3™ soybeans                    Monsanto soybeans

DAS-44406-6                                         MON 87712

 

Dow Enlist ™ soybeans                        Monsanto soybeans

DAS-68416-4                                         MON 87751

 

Syngenta Duracade corn                      Plenish™ soybeans

                                                            (DuPont/Pioneer)

 

 

“UNACCEPTABLE AGRICULTURAL COMMODITIES” INCLUDING COMMODITIES THAT INCLUDE, ARE PRODUCED FROM, OR CONTAIN ANY AMOUNT OF, SOYBEAN WITH MONSANTO’SROUNDUP READY 2 XTEND™ TECHNOLOGY.

 

ANY SELLER THAT DELIVERS UNACCEPTABLE AGRICULTURAL COMMODITIES SHALL BE IN BREACH OF ITS CONTRACT AND WILL BE LIABLE FOR DIRECT AND CONSEQUENTIAL DAMAGES, INCLUDING WITHOUT LIMITATION, ANY LOSSES ARISING FROM FACILITY CLOSURE OR REDUCED OPERATING CAPACITY AND ALL REMOVAL AND CLEANING COSTS.

Daily Grain Comments

Friday, August 18th, 2017

Ag Plus has just mailed new DP agreements for grain that was delivered since July 1, please sign them and return as soon as possible. 

Louis Dreyfus will be closed for bean receiving and meal load-out on Tuesday, August 22nd from 7:00 A.M. to 7:00 P.M. for an electrical shut down.  Please check before hauling any beans and loading meal after the 7:00 P.M. re-open, in case of additional issues that keep them down longer than expected. 

Markets traded both sides of last night's close and all closed higher on the day.  Very quiet day with low volumes in Chicago.   Cash grain movement remains very slow because of low prices.  Processors and gulf values are working slowly higher as traders try to get grain to cover the commitments they have on the books.  China was an active buyer in recent days on both old and new beans.  Bird flu has been showing up in the Asian countries, China culled 8100 birds today for bird flu.  Rainfall was disappointing in the center of the corn belt and the extended forecast appears dry for central and eastern corn belt states over the next 15 days.  Pro Farmer crop tour starts on Monday and ends Thursday of next week.  Ukraine announced an 8% drop in corn yield versus last year.  The dollar was higher early but is closing down 219 points at $93.315.  Gold up up 40 cents, crude oil is very strong trading up $1.58 at $48.67.  Stocks are mixed today with the Dow down 40 points, Nasdaq up 8 and S & P down 1.  Traders are expecting lower yields versus last year and versus the USDA in next week's Pro Farmer tour.  Higher yields would quickly drive this market lower.  Could be an interesting week depending on what the release each day.     

Ag Plus is now taking free DP beans delivered to Claypool for the Ag Plus account.  Rate will be free until 9/30/17, then subject to charges.  Please check with us before hauling.               

We are holding samples on corn that tested over 4 ppm on Vomotoxin.  If you want to pick up your samples, please contact your insurance agent to get them as quickly as possible.  Any Vomo test below 4.0 will result in no discounts taken.  Tests above the level of 4.1 or greater will result in a discount.  We will keep samples for crop insurance on test results of 4.1 or higher, we will not keep samples on lower tests. 

Support levels on September corn are at $3.48-1/4 and $3.30 and resistance is at $3.68 and 3.75-1/2.  Support on November beans is at $9.17-1/2 and 9.04-1/2 and resistance is at $9.63 and $9.73.  Support on September wheat is at $4.12-1/4 and $4.00 and resistance is at $4.44 and $4.62.

 

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